Exemption for heavy water imports limits ad valorem customs duty above prescribed threshold and removes additional tariff for atomic power use. The notification exempts heavy water imported for use in atomic power stations from the portion of ad valorem customs duty in excess of a 40% ceiling and from the whole of the additional duty leviable under the Customs Tariff Act, exercising the government's exemption powers on public interest grounds.
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Exemption for heavy water imports limits ad valorem customs duty above prescribed threshold and removes additional tariff for atomic power use.
The notification exempts heavy water imported for use in atomic power stations from the portion of ad valorem customs duty in excess of a 40% ceiling and from the whole of the additional duty leviable under the Customs Tariff Act, exercising the government's exemption powers on public interest grounds.
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